HCIShare earnings up for the year

Hosken Consolidated Investment (HCI) expects headline earning to rise for the year to March. It said yesterday the significant jump in headline earnings a share, to between R7.62 and R8.42 compared with R5.73 in the same previous period, was partly as a result of the reversal of a contingent purchase by Tsogo Sun Holdings. In a trading statement before the release of its results this week, HCI said this was due to the favourable settlement of claims by Seardel. Shares closed 0.31 percent up at R83. – Nompumelelo Magwaza.